Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
Modernising Australia Post
Regulation Impact Statement – Department of Communications
The amendments allow Australia Post to introduce a two-speed letter service – comprising regular and priority services. The regular service would be up to two days slower, which would enable Australia Post to lower costs through reduced need for overnight processing and increased automation of sorting. Daily delivery of mail would continue under both regular and priority mail.
A Regulation Impact Statement (RIS) was prepared and certified by the Department of Communications, and has been assessed as compliant and consistent with best practice by the Office of Best Practice Regulation (OBPR).
The RIS estimates the average annual regulatory cost saving at $211.8 million per annum. The OBPR has agreed to the regulatory cost saving.